Form 8-K · Current report
Applied Materials 8-K, filed Aug 27, 2026
- Filed
- CIK
- 0000006951
- Accession no.
- 0001628280-26-059257
Summary
Applied Materials elected Akash Palkhiwala, Qualcomm's chief financial officer and chief operating officer, to its board of directors and audit committee, effective August 27, 2026. Board chairman Tom Iannotti said Palkhiwala's finance leadership and semiconductor experience would strengthen the board.
Key points
- Applied Materials' board elected Akash Palkhiwala as a director and to its Audit Committee, effective August 27, 2026.
- Palkhiwala has been Qualcomm's CFO since 2019 and COO since 2024, and previously held finance roles at Qualcomm since 2001 and at KeyBank.
- He receives standard non-employee director compensation: a $100,000 annual retainer, a $25,000 Audit Committee retainer, and restricted stock units valued at $250,000 that vest in full on March 1, 2027.
- Board Chairman Tom Iannotti said Palkhiwala's finance leadership and semiconductor experience would strengthen the board.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 27, 2026, the Board of Directors (the “Board”) of Applied Materials, Inc. (“Applied” or the “Company”) elected Akash Palkhiwala to the Board and the Board’s Audit Committee, effective immediately. Mr. Palkhiwala will receive the standard compensation payable to non-employee directors of the Board, consisting of (1) an annual retainer of $100,000 (prorated based on his service during the fiscal year), (2) an additional annual retainer of $25,000 for his service on the Audit Committee (prorated based on his service during the…
An excerpt of the text as filed with the SEC, cut for length.
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